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Supply Risk Management Workshop

Supply Risk Management Workshop. Dr. Kevin McCormack Feb. 2011. JK Data Analytics. SCM Club. Independents Associates. iCognitive. Shanghai Consulting. Cogniscape. Singapore. DYTA. Shanghai. TBD. Europe. On Demand Analysis. Percipio. SAS. Portland, OR. Neurametrics.

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Supply Risk Management Workshop

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  1. Supply Risk Management Workshop Dr. Kevin McCormack Feb. 2011

  2. JK Data Analytics SCM Club Independents Associates iCognitive Shanghai Consulting Cogniscape Singapore DYTA Shanghai TBD Europe On Demand Analysis Percipio SAS Portland, OR Neurametrics Profit Point DRK Phil. PA Orion UMFG  Brazil NIPE NJ 17th Floor TX University of Ljubljana Slovenia SCRD Global BPM Research Network ISM NC University of Zagreb, Croatia Supply Chain Resource Consortium IACCM University Of Maryland National Graduate School BPM Network Lean Institute Advanced Analytics for Business Solutions NC State University Supply Chain Council Skema France Vlerick Leuven Gent Management School Belgium Business Process Knowledge University of OK

  3. Objectives • To provide the student with exposure to the concept of Supply Chain Risk Management as an emerging business discipline of crucial importance. • To demonstrate how the student can use systematic approaches, such as the Supply Chain Council Operations Reference Model (SCOR) to assess overall supply chain risks. • To enable the student to conduct more detailed supplier risk appraisals using the DRK Supply Chain Risk Framework & associated Risk Simulator Software to conduct a corporate supplier risk / resilience audit. • To provide a hands-on role-play exercise for the student on managing supply chain extreme events in support of key learning objectives.  • To reflect on the spectrum of concepts and practices and determine critical lessons learned in regards to the nature and management of supply chain risk. 

  4. Readings • Handfield, Robert and McCormack, Kevin “Supply Chain Risk Management” Auerbach Publication (Taylor & Francis Group), 2008 • The Supply Chain Council Risk Research Team /Edited by Dr. Kevin McCormack & Taylor Wilkerson “Managing Risk in Your Organization with the SCOR Methodology” June, 2008, SC Council • Supplier Network Risk Management in Turbulent Environments, Kevin McCormack, DRK Research, kmccormack@drkresearch.org. Peter Trkman, University of Ljubljana, Faculty of Economics, peter.trkman@ef.uni-lj.si • Class Hand outs and cases

  5. Day One: Supply Chain Risk Management: Concepts & Best Practices • Morning 1: • Lecture - Introduction To Course  • Lecture - Supply Chain Risk Management Concepts, principles and frameworks  • Break out - Responding To Disruption: The Caterpillar Disaster  • Groups will break out and answer Case Questions and present their answers: • Read: • “Caterpillar Plant Damaged”, Bloomberg, Feb 6, 2008. (Class handout) • Cat Couplings supply chain.pdf

  6. Day One – Morning 2: • Lecture - Customer of Choice Theory • Break out - Relationships Matter: The Ford Case  • Groups will break out and answer Case Questions and present their answers: • Lecture -Using The SCOR Reference Model To Manage Risk: Best Practices and Value at Risk • Read:  • Mirror, Mirror, by Carlos Gordon, Redactive Media Group 2005-06.  • Are you a customer of choice?, by Tim Minahan, posted June 13th, 2007.  • Ford Gets Cut Off by a Top Supplier As Detroit Squeezes Parts Makers www.wsj.com, October 18, 2006; Page A3 (Class handout) • The Supply Chain Council Risk Research Team /Edited by Dr. Kevin McCormack & Taylor Wilkerson “Managing Risk in Your Organization with the SCOR Methodology” June, 2008, SC Council

  7. Day 1: • Afternoon 1: Managing Extreme Supply Chain Events • Lecture – Market Turbulence and Risk  • Lecture - Environmental Assessment – estimating likelihood and impact of high impact, low probability events.  • Break out – Calculating Turbulence and VaR • Read: • DRK Environmental Assessment Method (Class Handout)  • Supplier Network Risk Management in Turbulent Environments, Kevin McCormack, DRK Research, kmccormack@drkresearch.org. Peter Trkman, University of Ljubljana, Faculty of Economics, peter.trkman@ef.uni-lj.si (Class Handout)

  8. Day One – Afternoon 2: • Break out - Environmental Assessment Case: • Groups will break out and develop environmental risk assessments and present their results: • Read: • DRK Environmental Assessment Method Cases (Class Handout)

  9. Day 2: Auditing Supply Chain Risks: The DRK Method • This will be a day long workshop on Supply Chain Risk Management Audit Principles/Practices using Risk Simulator Software led by Dr. Kevin McCormack, CEO & founder of DRK and Supply Chain Council Black Belt In Risk Management • Read: • Handfield & McCormack, pp 1-118

  10. Day 3: Auditing Supply Chain Risks: The DRK Method • Teams Report out and complete written test • Read: • Handfield & McCormack, pp 1-118

  11. Exercise Teams Supplier Teams Supplier 1 Supplier 2 Supplier 3 Supplier 4 Supplier 5 Supplier 6 Supplier 7 Commodity Teams Risk Management Supplier Improvement Strategic Sourcing 3 6 7 4 1 www.neurasurvey.com User: supplier 1 Password: www.neuratool.com User: simulator Password: results 2 5

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